Metro Vancouver Market Update December 2025

Metro Vancouver Market Update – December 2025
2025 saw lowest annual sales total in over two decades

Home sales registered in the MLS in Metro Vancouver finished the year down 10 per cent, marking the lowest annual sales total in over twenty years.

Residential sales totalled 23,800 in 2025 — a 10.4 per cent decrease from the 26,561 sales in 2024. Last year’s sales total was 24.7 per cent below the 10-year annual average (31,625).

Properties listed on the MLS totalled 65,335 in 2025 — an 8.2 per cent increase compared to 2024, and 13.1 per cent above the 10-year average.

The MLS Home Price Index composite benchmark price: $1,114,800 (4.5% decrease over December 2024; 0.8% decrease vs November 2025).

December 2025 residential sales: 1,537 — down 12.9% from December 2024.

Sales-to-active listings ratio for December 2025: 12.7 per cent (9.3% detached | 14.6% attached | 15.1% apartments).

Detached homes: 431 sales in December 2025 (down 12.8% from Dec 2024). Benchmark price: TBD.

“With lower prices, lower borrowing costs, and plenty of inventory to choose from, homebuyers in 2026 are starting the year with favorable conditions.” – Andrew Lis, GVR Chief Economist